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 In order to cater banking needs of large & well spread sections of the society, we have strived to establish our outlets in all regions of the country. In this endeavor, we have established our new extension counter & an ATM at Kohalpur, Banke.

The Kohalpur counter is inaugurated by Mr. Chinta Mani Dhital, President-Kohalpur Chamber of Commerce. On the same event, our 45th ATM is inaugurated by Mr. Bhim Prashad Devkota, President-Kohalpur Town Development Committee.

Presently Everest Bank Ltd. (EBL) is rendering professionalized & efficient banking services through widest domestic network of 43 branches, 45 ATMs, 21 extension counters and many correspondents across the globe. Deriving strength from its joint-venture partner (Punjab National Bank, India), the bank has been steadily growing in its size & operation and has established itself as one of the leading private sector banks. The bank has recorded commendable performance with consistent growth in total business, net-worth and profit having one of the lowest non-performing assets.

In order to cater banking needs of large & well spread sections of the society, we have strived to establish our branches/outlets in all regions of the country. In this endeavor, we have opened our 42nd branch at Hetauda, Makawanpur and 43rd branch at Gorkha.

The Hetauda branch is inaugurated by Mr. Dinesh Bhattarai, CDO of Makawanpur and the Gorkha branch is inaugurated by Mr. Mohan Prasad Wagle, CDO of Gorkha. On the same day, the 43rd ATM of the bank was inaugurated at Gorkha.

Presently Everest Bank Ltd. (EBL) is rendering professionalized & efficient banking services through widest domestic network of 43 branches, 43 ATMs, 19 extension counters and many correspondents across the globe. Deriving strength from its joint-venture partner (Punjab National Bank, India), the bank has been steadily growing in its size & operation and has established itself as one of the leading private sector banks. The bank has recorded commendable performance with consistent growth in total business, net-worth and profit having one of the lowest non-performing assets.

EBL is the pioneer in introducing Branchless Banking (Everest Ghar-Dailo Banking Sewa) and Mobile Vehicle Banking Services. Everest Ghar-Dailo Banking Sewa is a unique delivery channel in banking services to facilitate rural people in banking with the help of sophisticated technology. This branchless service can be used through Point of Transaction (POT) machine by using smart cards. At present, the service is being provided by our Baglung, Bhaktapur, Nepalgunj and Birtamod branches through 29 Business Correspondents. EBL also introduced Mobile Banking (Bank on Wheel) for the first time in Nepal which is in operation since September 2007 at Birtamod. Recently, for providing value added service to customers, EBL has introduced fund transfer facility through mobile as well as payment of post-paid/PSTN/ADSL bill for Nepal Telecom subscribers.

Besides, EBL debit card has access to more than 850 ATMs of SCT network in Nepal and more than 4000 ATMs of Punjab National Bank (PNB) in India whereby EBL customers going to India need not to carry cash and can withdraw cash through EBL debit cards from ATMs of PNB.

As a part of its expansion strategy EBL plans to open new outlets at some other places of the country in near future. The bank has focused on rural area so that customer of the area can be serviced through modern banking facilities.  

In order to cater banking needs of large & well spread sections of the society, we have strived to establish our outlets/ATMs in all regions of the country. In this endeavor, we have established our new ATM at Baglung branch on 27/05/2011. The ATM was inaugurated by Mr. Keshab Raj Ghimire, CDO of Baglung district.

Presently Everest Bank Ltd. (EBL) is providing banking services through 124 points viz.  41 branches, 12 collection counters, 42 ATMs, 29 authorized representatives in VDCs through a branchless banking system.

EBL is the pioneer in introducing Branchless Banking (Everest Ghar-Dailo Banking Sewa) and mobile vehicle services. Everest Ghar-Dailo Banking Sewa is a unique delivery channel in banking services to facilitate rural people in banking with the help of sophisticated technology. This branchless service can be used through Point of Transaction (POT) machine by using smart cards. At present, the service is being provided by our Baglung, Bhaktapur, Nepalgunj and Birtamod branches through 29 Business Correspondents. EBL also introduced Mobile Banking (Bank on Wheel) for the first time in Nepal which is in operation since September 2007 at Birtamod. In addition, for providing value added service to customers, EBL has introduced fund transfer facility through mobile for Nepal Telecom subscribers.

Besides, EBL debit card has access to more than 850 ATMs of SCT network in Nepal and more than 4000 ATMs of Punjab National Bank (PNB) in India whereby EBL customers going to India need not to carry cash and can withdraw cash through EBL debit cards from ATMs of PNB. As a part of its expansion strategy EBL plan to open new outlets at some other places of the country. The bank has focused on rural area so that customer of the area can be serviced through modern banking facilities.

In order to cater banking needs of large & well spread sections of the society, we have strived to establish our outlet/ATMs in all regions of the country. In this endeavor, we have opened our 40th and 41st ATMs at Simara Branch, Bara District and Saleways Supermarket, Maharajgunj, Kathmandu respectively. Presently Everest Bank Ltd. (EBL) is providing banking services through 82 points viz.  41 branches, 12 collection counters, 29 authorized representatives in VDCs through a branchless banking system. EBL is the pioneer in introducing Branchless Banking (Everest Ghar-Dailo Banking Sewa) and mobile vehicle services. Everest Ghar-Dailo Banking Sewa is a unique delivery channel in banking services to facilitate rural people in banking with the help of sophisticated technology. This branchless service can be used through Point of Transaction (POT) machine by using smart cards. At present, the service is being provided by our Baglung, Bhaktapur, Nepalgunj and Birtamod branches through 29 Business Correspondents. EBL also introduced Mobile Banking (Bank on Wheel) for the first time in Nepal which is in operation since September 2007 at Birtamod. In addition, for providing value added service to customers, EBL has introduced fund transfer facility through mobile for Nepal Telecom subscribers. Besides, EBL debit card has access to more than 850 ATMs of SCT network in Nepal and more than 4000 ATMs of Punjab National Bank (PNB) in India whereby EBL customers going to India need not to carry cash and can withdraw cash through EBL debit cards from ATMs of PNB. As a part of its expansion strategy EBL plan to open new outlets at some other places of the country. The bank has focused on rural area so that customer of the area can be serviced through modern banking facilities.

In order to cater banking needs of large & well spread sections of the society, we have strived to establish our branches in all regions of the country. In this endeavor, we have opened our 40th branch at krishnanagar, Kapilvastu and 41st branch at Lumbini, Rupandehi Districts.

The krishnanagar branch is inaugurated by Mr. Laxman Kumar Thapa, CDO of Kapilvastu and the Lumbini branch is inaugurated by Mr. Majhi Lal Thanet of Lumbini Development Trust. On the same day, the 39th ATM of the bank was inaugurated by Vikshu Maitreya.

Presently Everest Bank Ltd. (EBL) is providing banking services through 76 points viz.  41 branches, 6 collection counters including 5 for revenue collection, 29 authorized representatives in VDCs through a branchless banking system.

EBL is the pioneer in introducing Branchless Banking (Everest Ghar-Dailo Banking Sewa) and mobile vehicle services. Everest Ghar-Dailo Banking Sewa is a unique delivery channel in banking services to facilitate rural people in banking with the help of sophisticated technology. This branchless service can be used through Point of Transaction (POT) machine by using smart cards. At present, the service is being provided by our Baglung, Bhaktapur, Nepalgunj and Birtamod branches through 29 Business Correspondents. EBL also introduced Mobile Banking (Bank on Wheel) for the first time in Nepal which is in operation since September 2007 at Birtamod. Recently, for providing value added service to customers, EBL has introduced fund transfer facility through mobile for Nepal Telecom subscribers.

Besides, EBL debit card has access at more than 700 ATMs of SCT network in Nepal and more than 4000 ATMs of Punjab National Bank (PNB) in India whereby EBL customers going to India need not to carry cash and can withdraw cash through EBL debit cards from ATMs of PNB.

As a part of its expansion strategy EBL plan to open new branches at some other places of the country. The bank has focused on rural area so that customer of the area can facilitate through modern banking facility.

In an endeavor to provide banking facilities to large and well spread out sections of the society, we have strived to establish our branches in all regions of the country. In this attempt, we have opened our 39th branch at Sandikharka, Argakhachi District. Mr Shambhu Prasad Marasini, CDO of Argakhachi District, inaugurated the branch. The main objective to establish the bank is to provide modern banking service in the remote area too. This branch is operating with full banking services where customers can make ABBS transaction (Withdrawal and Deposit from any EBL Branches), customer can deposit their saving in different saving schemes of the bank, SMS banking services–mobile recharge & monthly bill payment, internet banking services, online remittance facility from abroad and India. EBL debit card also has access at more than 650 ATMs of SCT network in Nepal and more than 4000 ATMs of Punjab National Bank in India whereby EBL customers going to India need not to carry cash and can withdraw cash through EBL debit cards from ATMs of PNB. Now the bank is providing banking services through 73 points viz.  39 branches, 5 revenue collection counters, 29 authorized representatives in VDCs through “Everest Ghar-Dailo Banking Sewa, a branchless banking system. As a part of its expansion strategy EBL plan to open new branches at some other places of the country. The bank has focused on rural area so that customer of the area can facilitate through modern banking facility.

15th December 2010Everest Bank inaugurates its 38th branch in Taulihawa In an endeavor to provide banking facilities to large and well spread out sections of the society, we have strived to establish our branches in all regions of the country. In this attempt, we have opened our 38th branch at Taulihawa, Kapilvastu District. Now the bank is providing banking services through 72 points viz.  38 branches, 5 revenue collection counters, 29 authorized representatives in VDCs through “Everest Ghar-Dailo Banking Sewa, a branchless banking system. Mr Laxman Kumar Thapa, CDO of Kapilvastu District, inaugurated the branch.

The bank also inaugurated its 36th ATM at Taulihawa. EBL debit card also has access at more than 650 ATMs of SCT network in Nepal and more than 4000 ATMs of Punjab National Bank in India whereby EBL customers going to India need not to carry cash and can withdraw cash through EBL debit cards from ATMs of PNB.

Everest Bank is the first and the only bank in Nepal to start branchless banking system-“Everest Ghar-Dailo Banking Sewa”. This service is unique delivery channel in banking services to facilitate rural people in banking with the help of sophisticated technology. This branchless banking service can be used through Point of Transaction (POT) machine by using smart cards. At present, the service is being provided by our B/O Baglung, Bhaktapur, Nepalgunj and Birtamod through 29 Business Correspondents. EBL introduced Mobile Banking (Bank on Wheel) for the first time in Nepal which is in operation since September 2007 at Birtamod.

As a part of its expansion strategy EBL plan to open new branches at Argakhachi and some other places.

Press Release
Everest Bank Inaugurated 35th ATM machine in Lekhnath, Kaski
Everest Bank Limited (EBL) started its operations in 1994 with a view and objective of extending professionalized and efficient banking services to various segments of the society. The bank is providing customer-friendly services through its 37 branches throughout Nepal and over 250 correspondent banks across the globe. All the branches of the bank are connected through Anywhere Branch Banking System (ABBS), which enables customers to do all their transactions from any branches other than where they have their account.

In Order to provide banking service through ATM to wide range of customer, the bank has installed its 35th ATM machine at Lekhnath on Lt. Col. Himanshu Bohra (Assistant Military Attache (P) and Officer In-charge, Embassy Of India (Pension Paying Camp-Pokhara) inaugurate the above ATM. As on date EBL has 35 ATMs at different locations both inside and outside Kathmandu Valley.
EBL Debit cards can be used at more than 4000 ATMs of Punjab National Bank, India spread all across India. Similarly, the Debit Card holders of PNB can withdraw their money from any ATMs of Everest Bank Limited. This sharing arrangement has benefited huge Nepalese Population residing in India including Students, businessmen, workers, Tourists to India, who want cheaper ATM facility for withdrawing money from their Bank accounts in Nepal. Besides cross border sharing, EBL Debit Card is accepted at more than 650 ATMs of SCT network and over more than 1400 merchant outlets in Nepal. At present, more than 146000 customers of EBL are having EBL Debit Card.

As a part of its expansion strategies EBL also plans to open branches and install ATMs at Taulihawa and Agrakhanchi shortly. The bank believes that its expansion to these strategic locations would adhere to its objective of serving the middle and lower section of the society.

23rd September, 2010

Everest Bank Ltd, a joint venture with Punjab National Bank, India, held its 16th Annual General Meeting at City Hall, Exhibition Marg, Kathmandu on 23rd September, 2010 (7th Ashwin, 2067). The Annual General Meeting (AGM) of the Shareholders approved among others, the declaration of 30% bonus shares and 30% cash dividend. The AGM also approved the financial statements ending 32nd Asadh 2067. After providing provisions for income tax and statutory provisions there was a disposable net profit of Rs.83.18 crore compared to Rs. 63.87 crore last year- an increase of 30.2%.  The Bank was able to increase its deposits by more than 10.83% and advances by 15.07% during the year compared to the previous year. Similarly, the bank recorded a growth of 26.6% in operating profit to Rs. 134.91 crore from Rs. 106.60 crore in the previous year. Against the Paid-Up Capital by shareholders of Rs 83.05 crore, the shareholders’ fund now amount to Rs 316.90 crore- with Core Capital base of Rs 255.90 crore. Earning Per Share has increased to Rs.100.16 from Rs. 99.99. The overall better performance has enhanced the image of the bank. Asset quality improved by reduction of NPA to 0.16% from 0.48% in the previous year. This is one of the lowest NPA among the commercial banks in Nepal. The Bank introduced in the country the branchless banking to cover villages with telephone lines. To begin with this has been introduced at Baglung in the western hills covering eight villages; at Bhaktapur in the valley covering five villages and at Nepalgunj covering six villages and Birtamode covering 11 villages. The Bank intends to cover more and more villages with this revolutionary new technology. The Bank has now fully operative 37 branches, one of the largest networks among the private sector bank in the country.

Everest Bank Launched New Saving Product-EBL Baal Bachat and EBL Naari Bachat.

Everest Bank has launched new saving products namely EBL Baal Bachat and EBL Naari Bachat to attract minor and household wives who want high yield on his/her savings. Interest on the saving account is 6.75% p.a. Under the scheme all banking facilities including modern banking (internet banking, SMS banking, utility bill payment etc) are provided and a customer can get 75% discount on issuance of EBL Debit Card and 25% discount on EBL locker facility. A customer can withdraw his/her balance at any time without any hassle through the cheque. The bank is providing the services through its 37 branch network which is spread through out the nation. The bank has been providing evening counter and 365 days banking facility to its customer.